Lake
Oswego
Greenbrier has purchased Meridian Rail Holdings Corp. for
$227.5 million. Meridian manufactures replacement wheel sets
for railcars at its locations throughout the United States and
Mexico. The October purchase makes Greenbrier a market leader
in the railcar business, according to Mark Rittenbaum, senior
vice president of Greenbrier. Meridian was an attractive
purchase because of the magnitude of business it conducted.
Meridian is expected to add $400 million in revenue to
Greenbrier’s annual fiscal results. That would be about
three times the amount of revenue the company generated in the
2006 fiscal year. Rittenbaum does not anticipate any layoffs of
Meridian’s 300 employees as the companies merge.
